The retirement income solution will be available on the HUB24 platform through HUB24 Invest and HUB24 Super in the fourth quarter of the year (Q4 2023).
“For the first time ever, advisers will have access to a guaranteed income for life which sits within a client's superfund account or Account Based Pension which allows clients to select AGILE as an option within their portfolios,” said Allianz Australia life insurance CEO Adrian Stewart.
AGILE is designed to anchor a client's retirement portfolio while enabling advisers to manage the overall total asset allocation and income buckets for clients. It also allows flexible access to capital should circumstances change.
Stewart said the partnership with HUB24 will help advisers proactively plan for their client's retirement while in the accumulation phase and the retirement income phase – giving advisers greater control of their clients' asset allocation while allowing them to accurately model their clients' income for life.
“The addition of AGILE to the HUB24 platform is a collaboration we are extremely proud of. We have been working closely with HUB24 over several months to make AGILE available on the HUB24 platform,” Stewart said.
“As more Australians enter retirement, there is increasing demand for innovative products that can provide sustainable retirement income to provide security throughout this phase of their life,” said Andrew Alcock, managing director at HUB24. “By collaborating with Allianz Retire+ to launch AGILE on HUB24, we're making available a market-leading product that provides advisers the solutions they need to help clients achieve their retirement goals and empower better financial futures for more Australians.”